Store Capital hikes dividend by 6.5%

On September 19, 2022, STORE Capital Corporation (STOR) declared a new quarterly dividend of $0.41 per share, up 6.5% from the previous dividend rate of $0.385 per share. This marks the 7th consecutive year of dividend increases by the REIT.

The next STOR dividend will be paid on October 17, 2022 to STORE Capital stockholders of record as of the close of business on September 30, 2022. A new annual dividend rate of $1.64 per share yields 4.8% at a stock price of $31.95. The next ex-dividend date for STOR is September 29, 2022. 

STORE Capital Corporation is an internally managed net-lease real estate investment trust (REIT). The company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. Its customers include restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. STORE is providing real estate financing solutions principally to middle-market and larger businesses that own STORE Properties and operate within the broad-based service, retail and manufacturing sectors of the U.S. economy. STORE has paid a dividend every year since 2014.